Rathbone Brothers plc’s (RAT) Hold Rating Reaffirmed at Peel Hunt
Several other analysts have also commented on the stock. Macquarie reiterated a neutral rating and issued a GBX 2,341 ($30.23) price target on shares of Rathbone Brothers plc in a research report on Friday, June 2nd. Liberum Capital reiterated a hold rating on shares of Rathbone Brothers plc in a research report on Thursday, May 11th. Canaccord Genuity reiterated a hold rating and issued a GBX 2,470 ($31.90) price target on shares of Rathbone Brothers plc in a research report on Friday, July 21st. Numis Securities Ltd reiterated a hold rating and issued a GBX 2,500 ($32.29) price target on shares of Rathbone Brothers plc in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada increased their price target on shares of Rathbone Brothers plc from GBX 2,400 ($31.00) to GBX 2,600 ($33.58) and gave the company a sector perform rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 2,432.44 ($31.41).
Rathbone Brothers plc (LON RAT) opened at 2762.00 on Friday. Rathbone Brothers plc has a 52 week low of GBX 1,724.46 and a 52 week high of GBX 2,842.00. The company has a 50-day moving average of GBX 2,718.25 and a 200-day moving average of GBX 2,507.63. The stock’s market capitalization is GBX 1.39 billion.
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The company also recently disclosed a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, September 7th will be paid a dividend of GBX 22 ($0.28) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, September 7th.
In other news, insider Paul Stockton acquired 5,118 shares of Rathbone Brothers plc stock in a transaction that occurred on Monday, September 4th. The shares were acquired at an average price of GBX 2,773 ($35.81) per share, with a total value of £141,922.14 ($183,290.90).
About Rathbone Brothers plc
Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.
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